MAREX Financial Selects LavaFX Product Suite.NEW YORK & LONDON -- Lava Trading Inc., the innovative technology firm that develops high-performance trading solutions for the financial services industry, today announced that MAREX MAREX Maritime Exercise Financial has selected Lava's LavaFX(TM) product suite to provide foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the services to MAREX clients. MAREX is a FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) authorized and regulated independent financial services company, offering trading services for exchange and non-exchange traded futures and options. Built upon Lava's leading, proprietary technology core, LavaFX provides a premier offering in electronic foreign exchange trading. It offers a Central Limit Order Book of live dealable prices, full price transparency and depth of book, and the ability to place bids and offers, together with Lava's sophisticated order types. The system aggregates multiple sources of FX liquidity into a single access point, which can be tapped via the fast, intuitive LavaFX user interface, or through a FIX API geared towards model and program traders. "We are very pleased to partner with a technology pioneer such as Lava," said Farooq Muzammal, Head of Foreign Exchange at MAREX Financial. "Offering access to Lava's comprehensive suite of foreign exchange trading features is in keeping with our commitment to provide MAREX's clients with robust and advanced electronic trading solutions." "We welcome this collaboration with MAREX," said David Ogg, Chief Executive Officer, LavaFX. "LavaFX is designed to meet the demanding needs of institutional FX traders seeking anonymous, high-liquidity trading destinations. We are confident our fast, reliable and intelligent FX trading solution will prove very valuable to MAREX's clients." About Lava Trading Inc. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with locations in California, Connecticut and the United Kingdom, Lava Trading Inc. is an innovative technology firm that develops high-performance trading solutions for the financial services industry. Lava products are created as true ASP solutions built to withstand maximum volumes in the most volatile conditions. As a cost effective and neutral provider, Lava's OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). , Listed and Foreign Exchange solutions are used by leading broker/dealers, including most of the top U.S. investment banks, as well as market makers, hedge funds and institutional investors. With its patented technology and capital markets expertise, Lava creates value-added trading solutions that combine speed, intelligence and reliability. Lava is a wholly owned, independently-operated subsidiary of Citigroup, Inc. (NYSE NYSE See: New York Stock Exchange : C) and member NASD/SIPC. For more information, visit www.lavatrading.com. About MAREX Financial MAREX Financial is a newly formed independent financial services company, regulated and authorized by the FSA. MAREX Financial offers trading services for exchange and non-exchange traded futures and options. With operations in London and Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , MAREX offers access to global exchanges. MAREX has been capitalised with GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 100 million from its sole shareholder Marathon Asset Management LLC. Marathon is a New York based alternative investment and asset management company with over $5 billion in capital and approximately $11 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . For more information, please visit www.marexfinancial.com. |
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